I received my first 2020 tax appraisal and was shocked to see values increase. I contacted the outside mineral appraiser and was told they “are required by law to use last years pricing and outlook for 2020 going forward as January 1 is the appraisal date.” They also stated that current prices will not be accounted for until the 2021 appraisal. This was a small lease and I will be interested to see my larger properties.